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Recap: The oil market continued to trend higher on Wednesday in light of the weekly petroleum stocks report showing larger than expected draws in oil stocks. This followed the market’s […]
Tuesday, August 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.550, three cents below Monday’s closing price of $2.579. Straddling the $2.550 mark for the majority of […]
Recap: The oil market posted an outside trading day on Tuesday as the market’s concern over the possibility of another U.S. interest rate increase was offset by supply concerns due […]
Monday, August 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.657, twelve cents above Friday’s closing price of $2.540. Continuing its pre-session momentum to attain the intraday […]
Recap: The oil market on Monday breached its downward trend channel and traded higher after China announced further measures to support its economy. China cut its stamp duty on stock […]
Friday, August 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.505, a penny below Thursday’s closing price of $2.519. Initially trending lower to tally the intraday low […]
Recap: The oil market traded higher on Friday as the market awaited a speech by Fed Chairman Jerome Powell at the Jackson Hole Symposium for hints on the outlook for […]
Thursday, August 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.436, slightly above Tuesday’s closing price of $2.497. Marking the intraday low of $2.425 soon after 9:00AM, […]
Recap: The oil market ended its streak of losses with a small gain of 0.2% but was still more than 2% lower for the week, as it remained under pressure […]
Wednesday, August 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.574, slightly above Tuesday’s closing price of $2.560. Ascending to the intraday high of $2.590 within minutes […]